442 E 48th St Chicago, IL 60615
Grand Boulevard NeighborhoodEstimated payment $21,792/month
About This Home
Discover a rare investment opportunity where timeless architecture meets modern luxury. Nestled in the heart of Bronzeville, just minutes from Hyde Park, the University of Chicago, Washington Park, and the lakefront, this fully renovated 9-unit brick building exudes character and craftsmanship at every turn. Over 16k finished sq ft ! Each residence has been reimagined with all-new mechanicals, electrical, plumbing, and HVAC systems, blending contemporary convenience with the preserved charm of the original structure. Thoughtfully designed layouts include (3) 4 BD/3BA, (3) 3BD/2.5BA, and (3) garden units: all featuring custom kitchens, spa-inspired baths, and in-unit laundry. Projected rents between $3,250-$4,250 per month deliver a pro forma gross income of approximately $33,500/month, making this both a turnkey acquisition and a long-term growth asset. With one PIN, low taxes (~$12,000), and proximity to Chicago's premier cultural and commercial hubs, this property represents the perfect balance of historic elegance, modern performance, and exceptional investment potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,000
Year Built
- Built in 1902
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- 3-Story Property
- Lot Dimensions are 163x65
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $999
- Fuel Expense $9,999
- Insurance Expense $999
- Maintenance Expense $999
- Other Expense $999
- Trash Expense $999
- Water Sewer Expense $999
- Operating Expense $123,660
- Gross Income $35,000
- Net Operating Income $288,540
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,854 | $106,700 | $37,023 | $69,677 |
| 2024 | $11,854 | $106,700 | $37,023 | $69,677 |
| 2023 | $11,554 | $56,000 | $37,023 | $18,977 |
| 2022 | $11,554 | $56,000 | $37,023 | $18,977 |
| 2021 | $11,295 | $56,000 | $37,023 | $18,977 |
| 2020 | $10,522 | $50,337 | $17,982 | $32,355 |
| 2019 | $10,804 | $57,202 | $17,982 | $39,220 |
| 2018 | $3,712 | $57,202 | $17,982 | $39,220 |
| 2017 | $6,823 | $35,070 | $14,809 | $20,261 |
| 2016 | $6,524 | $35,070 | $14,809 | $20,261 |
| 2015 | $5,946 | $35,070 | $14,809 | $20,261 |
| 2014 | $5,909 | $34,419 | $12,693 | $21,726 |
| 2013 | $5,782 | $34,419 | $12,693 | $21,726 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2025 10/30/25 | For Sale | $4,000,000 | +400.0% | -- | |
| 09/07/2020 09/07/20 | Sold | $800,000 | +6.7% | -- | View Prior Sale |
| 09/07/2020 09/07/20 | Pending | -- | -- | -- | |
| 09/07/2020 09/07/20 | For Sale | $749,999 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12499290
APN: 20102000210000
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